SPX Break 50 Day Moving Average

Interesting. I was trading the SPX today. Playing the down side, due to Europe being down over 1% in the AM.

My Vcalls worked out well. Expiring today. Those of you that were on my Learn to Trade Oct 17th should of caught those trades. OR the 55 system, telling you to play the downside at 10am. 🙂

Certainly the PUTS did well today. Hope you Caught the trades.

Interesting though, the SPX broke the 50 day moving average. NOT a good thing. So, I will be watching. FEB last year, one of the reasons, for playing the downside, and doing an ADJUSTMENT was the 50 point move through the 50 day moving average.

I would be watching. And I certainly would consider, a Protective PUT. To protect you accounts over the next 3-6 months. Yes. we are in the best 3 months to trade. Nov-mid Jan. But nothing wrong with buying a little insurance.

Regards.

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